Home Bancorp (NASDAQ:HBCP) Raised to Buy at StockNews.com

Home Bancorp (NASDAQ:HBCP - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Monday.

Several other research firms have also recently weighed in on HBCP. Hovde Group cut Home Bancorp from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. Raymond James upgraded Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Monday, October 21st.

Home Bancorp Price Performance

Shares of Home Bancorp stock traded down $0.97 during trading on Monday, reaching $47.75. The company's stock had a trading volume of 23,491 shares, compared to its average volume of 22,953. The stock has a 50-day moving average price of $47.65 and a two-hundred day moving average price of $46.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp has a one year low of $33.30 and a one year high of $52.77. The stock has a market capitalization of $385.82 million, a P/E ratio of 10.49 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period in the previous year, the business earned $1.17 earnings per share. As a group, sell-side analysts anticipate that Home Bancorp will post 4.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors have recently bought and sold shares of HBCP. Montz Harcus Wealth Management LLC bought a new stake in Home Bancorp in the 3rd quarter valued at approximately $1,598,000. Pacific Ridge Capital Partners LLC lifted its stake in Home Bancorp by 72.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 72,962 shares of the bank's stock valued at $3,372,000 after acquiring an additional 30,681 shares in the last quarter. Crawford Fund Management LLC lifted its stake in Home Bancorp by 48.3% in the 3rd quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank's stock valued at $4,068,000 after acquiring an additional 29,722 shares in the last quarter. American Century Companies Inc. lifted its stake in Home Bancorp by 49.8% in the 4th quarter. American Century Companies Inc. now owns 77,068 shares of the bank's stock valued at $3,561,000 after acquiring an additional 25,617 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Home Bancorp in the 4th quarter valued at approximately $919,000. Institutional investors own 49.41% of the company's stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.